What is credit insurance for an auto loan?

Answer:
Credit insurance is optional insurance that
make your auto payments to your lender in
certain situations, such as if you die or
become disabled. When you are applying for
your auto loan, you may be asked if you
want to buy credit insurance.
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Before deciding to buy credit insurance, think about
your choices and about the cost of this insurance. If
you add credit insurance to your loan, this increases
your loan amount and you will pay additional
interest.
If you are considering credit insurance, make sure
you understand the terms of the policy being
offered. There are four main types of credit
insurance:
Credit life insurance, which pays off all or some
of your loan if you die
Credit disability insurance, also known as
accident and health insurance, which makes
payments on the loan if you become ill or
injured and can't work
Involuntary unemployment insurance, also
known as involuntary loss of income insurance,
which makes your loan payments if you lose
your job due to no fault of your own, such as a
layoff

Credit property insurance, which protects
personal property used to secure the loan  in
the case of an auto loan this would be your car
If it is destoryed by event like theft, accident pr natural disasters
If a lender tells you that you'll only get the loan if
you buy the optional credit insurance, you can
submit a complaint to your state attorney general,
your state insurance commissioner, or the Federal
Trade Commission .